Quorum Nabs $11 Million To Disrupt The Backup Market

For just about any business, data has become a lifeblood. So it should be no surprise that the backup industry is massive, as seen with the substantial revenues from Symantec (NASDAQ:SYMC).

Yet there are some problems. Perhaps one of the most notable is the complexity.

But this has become a nice opportunity for Quorum. Keep in mind that its system uses a “one-click backup.”

Yea, not too tough.

As a sign of Quorum’s success, the company recently snagged $11 million in venture funding, led by Toba Capital. The firm was created by Vinny Smith, who was the CEO of Quest Software. Last year, he sold the company to Dell (NASDAQ:DELL) for a cool $2.4 billion.

“When pitching our deal,” said Larry Lang, who is the CEO of Quorum, “we wanted more than just money. Of course, Vinny and his team brought tremendous operational experience. And we have already benefited from it.”

It’s true that the funding environment is a bit tighter now. Admittedly, the backup business is also kind of prosaic.

But Quorum had some advantages that caught investor interest. First of all, the company has been growing at a rapid pace.

Then again, Quorum has always been focused on building the right technologies for its customers, not just rolling out what’s fashionable. Consider that Quorum’s software is essentially a hybrid of traditional appliance hardware and the cloud. All in all, it’s the right approach for optimal backups.

Because of this customer-centric approach, Quorum had lots of standout customer references. These turned out to be crucial in the funding round.

According to Larry: “We have customers that say that our software saved their jobs.”

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